Interparfums, Inc. (NASDAQ:IPAR) Receives $162.00 Consensus PT from Analysts

Shares of Interparfums, Inc. (NASDAQ:IPAR) have received a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $162.00.

Several equities research analysts have issued reports on IPAR shares. Canaccord Genuity Group restated a “buy” rating and set a $168.00 price objective on shares of Interparfums in a research report on Tuesday, October 21st. Sanford C. Bernstein upgraded shares of Interparfums to a “strong-buy” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a research report on Saturday. Finally, BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Interparfums in a research report on Wednesday.

Institutional Investors Weigh In On Interparfums

Several hedge funds have recently bought and sold shares of IPAR. Blue Trust Inc. raised its position in shares of Interparfums by 52.0% in the first quarter. Blue Trust Inc. now owns 506 shares of the company’s stock valued at $58,000 after buying an additional 173 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Interparfums by 26.2% in the first quarter. Bessemer Group Inc. now owns 179,355 shares of the company’s stock valued at $20,423,000 after buying an additional 37,184 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Interparfums by 1.6% in the first quarter. Illinois Municipal Retirement Fund now owns 9,623 shares of the company’s stock valued at $1,096,000 after buying an additional 156 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Interparfums in the first quarter valued at approximately $1,714,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Interparfums in the first quarter valued at approximately $5,114,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Interparfums Price Performance

NASDAQ:IPAR opened at $96.49 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $104.17 and its two-hundred day moving average price is $117.52. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 19.34 and a beta of 1.35. Interparfums has a 12-month low of $91.06 and a 12-month high of $148.15.

Interparfums (NASDAQ:IPAR) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.11). The business had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. Interparfums’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. Interparfums has set its FY 2025 guidance at 5.350-5.350 EPS. On average, analysts anticipate that Interparfums will post 5.14 earnings per share for the current year.

About Interparfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.